$2.7M Robinhood Chain Revenue Masks Corporate Earnings Mystery

Rising activity on Robinhood Chain has generated $2.7 million in revenue over a 24-hour period, but most of it went to third-party protocols.

The figure, captured by DefiLlama's app revenue tracking, includes trading bot GMGN at about $1.11 million and token launchpad Pons at around $1 million.

Uniswap led the protocol fee table during the same period.

Robinhood earns a few basis points per transaction and shares approximately half with Arbitrum, but the company has not disclosed its corporate revenue from Chain activity.

The chain's growth metrics, including decentralized exchange volume and real-world asset market cap, are still significant, even if they don't directly translate to Robinhood's earnings.